Daily Management Review
Economics

Why does Italy criticize the EU

Italian Finance Minister Pier Carlo Padoan criticized the European Commission for creation of problems for all European countries. According to the official, Brussels "lacks vision", and is responsible for flourishing of populism in the Old World. The minister’s tough rhetoric has been caused a...

Saudi Aramco: Don't downplay importance of hydrocarbons

Amin Nasser, CEO of Saudi Aramco, said that the majority of forecasts are suggesting preservation of growth in demand for oil and gas for decades, while share of electric cars will be kept at a low level. During panel session "Strategic Update: The Future of Energy" at the Davos forum, head of...

As Demonetization Dents Economy, India Set for Slowest Growth Period

Societe Generale said that as the government's demonetization drive triggers a shortage of cash, India seems set for four consecutive quarters of sub-7 percent growth for the first time since at least 2011.   Amending the base year to 2011-2012 from 2004-2005, the way India counted its...

Ahead After 2016 Strength, Brexit Consumer Slowdown Seen by Carney

Fresh headwinds in 2017 that are likely to curb growth, according to Mark Carney, are likely to be faced by consumers who were the backbone of U.K. economic resilience after the Brexit vote.   The governor of the Bank of England said in London on Monday that as the impact of the...

New Report says Nearly $692 Billion to EU Economy Contributed by Media Spending

A recently published new study has found that up to a seven-fold contribution to the economy of Europe is generated by the money that is spent on advertising by brands from all across Europe and abroad.   The reports quotes the spending figures from 2014 which is that time for the latest...

Saudis: there will be no need to extend the oil freeze agreement

Members of OPEC and oil producers outside the cartel will probably not be required to extend the oil freeze deal for the period after June, as growth in demand and compliance with the agreements reached should then push the market to balance, said Saudi Energy Minister Khalid al-Falih. "We do not...

Davos Study says Following Key Development Goals can Help Business to Unlock $12 Trillion

According to a study by a group including global business and finance leaders, by implementing a few key development goals, companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs.   Pressure on business to become a "responsible social...

In the US and Other OECD Nations, 20% of Health-Care Expenditures is Wasted

In some way or another, about 20 cents of every dollar spent on health care in OECD countries is wasted, a new OECD report released Jan. 10 reveals this shocking truth. In the United States, more than 20 percent of total health expenditure is represented by that waste.   a meeting for OECD...

Nigeria Courts China and Attempts to Trim Ties with Taiwan

Just a day after China announced plans to invest a further $40 billion in the African country – Nigeria, Taiwan was asked to move its representative office out of the capital Abuja. Taiwan has objected to the Nigerian request as being "unreasonable".   Beijing has been allegedly trying to...

Analysts say Investors Should be Prepared to be Disappointed by Theresa May

Next Tuesday, a speech on the Britain's divorce from the EU is expected to be given by the U.K.'s Prime Minister Theresa May.   However, skepticisms about the extent of clear details for financial markets on how she sees the future relationship between the U.K. and the EU unfolding that the...
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